Coca-Cola HBC AG (CCH.L) – What Are Brokerages Thinking About This Stock?

Coca-Cola HBC AG (LON:CCH) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 5,346.60.

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,600 price objective on shares of Coca-Cola HBC in a research note on Friday. Citigroup increased their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research report on Friday, July 3rd. Berenberg Bank lifted their target price on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a report on Wednesday, September 16th.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 4,750 shares of the stock in a transaction dated Monday, September 21st. The stock was purchased at an average cost of GBX 4,269 per share, with a total value of £202,777.50. In the last three months, insiders bought 4,997 shares of company stock worth $21,415,549. Company insiders own 95.73% of the company’s stock.

Coca-Cola HBC Stock Performance

LON:CCH opened at GBX 4,394 on Friday. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. Coca-Cola HBC has a fifty-two week low of GBX 3,372 and a fifty-two week high of GBX 5,195. The company has a 50 day simple moving average of GBX 4,465.22 and a two-hundred day simple moving average of GBX 4,521.79. The company has a market capitalization of £16.01 billion, a PE ratio of 16.10, a P/E/G ratio of 1.03 and a beta of 0.54.

About Coca-Cola HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 760 million consumers across a broad geographic footprint of 29 countries.